B2Gold Announces Sale Of 79M Shares Of Calibre Mining Shares For Gross Proceeds Of C$139M; As A Result Of The Transaction, B2Gold's Ownership Has Decreased To Less Than 10% In Calibre Mining
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B2Gold has sold 79 million shares of Calibre Mining for C$139 million, reducing its ownership to less than 10%. Consequently, B2Gold is no longer a 'reporting insider' for Calibre Mining.
June 21, 2024 | 10:34 am
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NEUTRAL IMPACT
B2Gold sold 79 million shares of Calibre Mining, reducing its ownership to less than 10%. This move aligns with B2Gold's investment strategy and capital allocation priorities.
The sale of shares is a strategic move by B2Gold to reallocate capital. While it reduces their stake in Calibre Mining, it does not indicate any immediate negative impact on B2Gold's financial health or operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100